Atlas Copco Wins Large Orders for Mining Equipment in Latin America

Atlas Copco Wins Large Orders for Mining Equipment in Latin America
Business Wire
STOCKHOLM -- December 28, 2012
Atlas Copco (STO:ATCOA) (STO:ATCOB) has won two large orders from mining
customers in South and Central America, worth a total MUSD 30 (MSEK 210). One
is from Minera Panama to deliver drilling equipment and related services for
the Cobre Panama open pit copper project. In Venezuela, Atlas Copco has won an
order from the Minerven gold mining corporation.
Minera Panama, a subsidiary of Canada’s Inmet Mining, is buying a package of a
total nine machines from Atlas Copco including Pit Viper rotary blast hole
drill rigs, Flexi-Roc surface drill rigs, related services and simulator
training. The order is worth close to MUSD 20. Most of the equipment will be
delivered in 2014 and 2015.
The contract from Minerven in Venezuela is worth around MUSD 10. It covers
underground drill rigs, loading equipment and core drilling rigs, as well as
portable and stationary compressors. The equipment will be delivered over the
coming year.
“These orders show the importance of having a strong local presence to support
our customers,” said Bob Fassl, Business Area President, Atlas Copco Mining
and Rock Excavation Technique. “We have recently built up a dedicated
organization in Panama and are very proud to now have been chosen by Minera
Panama as their supplier of blast hole drilling equipment.”
Both orders were booked in the fourth quarter.
Atlas Copco is an industrial group with world-leading positions in
compressors, expanders and air treatment systems, construction and mining
equipment, power tools and assembly systems. With innovative products and
services, Atlas Copco delivers solutions for sustainable productivity. The
company was founded in 1873, is based in Stockholm, Sweden, and has a global
reach spanning more than 170 countries. In 2011, Atlas Copco had 37 500
employees and revenues of BSEK81 (BEUR 9). Learn more at www.atlascopco.com.
Atlas Copco’s Mining and Rock Excavation Technique business area provides
equipment for drilling and rock excavation, a complete range of related
consumables and service through a global network. The business area innovates
for sustainable productivity in surface and underground mining,
infrastructure, civil works, well drilling and geotechnical applications.
Principal product development and manufacturing units are located in Sweden,
the United States, Canada, China and India.
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Contact:
Bob Fassl
Business Area President
Mining and Rock Excavation Technique
+46 (0)8 743 8314
or +1 469 766 6242
or
Daniel Frykholm
Media Relations Manager
+46 (0)8743 8060
or +46 (0)70 865 8060